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Energy Crisis Boosts Rail Freight Prospects in 1974
Railroads carried 70 percent of 1973 coal and expect 1974 to be a record year for freight if demand grows. Utilities switch from oil to coal, piggyback traffic could rise 20 percent, and revenue may exceed 15 percent with faster car delivery and fuel support. Demand hinges on rate increases, more locomotives and government fuel aid as shippers wait to see if rails can handle higher volume.
MENTIONED IN THIS ARTICLE
Lee Linder
Associated Press
Central
New Jersey
Chessie
Teamsters
Penn Central
Hayes
Association of American Railroads
John P. Fishwick
Norfolk and Western
Roy L. Hayes
United States
Mississippi and Tow
Reading
Erie Lackawanna